Title
Establishing a financing and spending plan in the Department of Parks and Recreation in the amount of $5,400,000 to reflect receipt of General Obligation Bond funds through the Metropolitan Council for transportation improvement projects in Como Regional Park.
Body
WHEREAS, under the provisions contained in MN Statute (2013) 471.15, the City of St. Paul has been given the authority to predesign, design, and construct access and circulation improvements at Como Regional Park; and
WHEREAS, under the provisions contained in Minnesota Laws 2014, Chapter 294, Article 1, Sec. 17, Subd. 10, the G.O. Bonding Legislation, the State of Minnesota has allocated $5,400,000 to the City of St. Paul to assist in the predesign, design, and construction of access and circulation improvements at Como Regional Park; and
WHEREAS, the City of St. Paul's Department of Parks and Recreation will provide design, construction management, and implementation services for the project; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does certify that there are available for appropriation, funds of $5,400,000 in excess of those estimated in the 2014 Capital Improvement Budget; now, therefore, be it
RESOLVED, by the City Council of the City of St. Paul, upon recommendation of the Mayor and advice of the Long Range Capital Improvement Committee, that $5,400,000 is available for appropriation in the 2014 Capital Improvement Budget, and said budget, as heretofore adopted by Council, is hereby further amended as outlined on the attached Financial Analysis; and be it
FURTHER RESOLVED, that Council authorizes the appropriate City officials to enter into an agreement with the Metropolitan Council for the aforementioned funding.
Financial Analysis
"See Attachment"
CIB Recommendation
The Saint Paul Long-Range Capital Improvement Budget Committee received this request on March 9, 2015 and recommended approval.